For that they understand, bitcoin is a blessing, but nor all share this feeling. Of CEOs until scared bankers central offices, the list of detractors of the Bitcoin is long and deep.
While the majority of the governments looks the regulation, others had been more far, approving laws that banish the use of bitcoin completely.
Government being government
Either had to the fear, the ignorance or protectionism, the governments tend to legislate against the perceived threats. The first prerogative of all the governments is to govern e, any disruptive technology that its power corrodes is susceptible to offensive been it.
Some governments, as of Japan, had approved a legislation that protects its citizens, facilitating the free commerce of the digital currency.
Unhappyly, nor all the countries think thus, not only when it is treated to adopt new technologies, but, in the respect of the individual rights. In the cases more instants, the citizens had had its apprehended goods, the frozen and blocked accounts. The governments cannot hinder that blockchain if propagates, but they can severely make it difficult the attempts of its citizens to have access it and to attack companies who work with this market.
Prohibition of the Bitcoin
As to forbid drugs, alcohol or the Internet, to banish bitcoin a little meaningless and inapplicable sounds. However, this is accurately the case in five countries: Bangladesh, Bolivia, Equator, Quirguistão and Nepal. Recently, the government of the Nepal almost arrested a dozen of enthusiastic of criptomoedas, with some pparently guilty for operating one exchange of bitcoin in small scale.
In the South America, although the strong growth of criptomoedas in countries as Brazil, Argentina and Venezuela, where the people are seeing criptomoedas as a shelter in way the increasing inflation and a failed economy. It is, however, the centered country more of the continent geographically, that it was disclosed against the decentralized currency; In 2014, the Central banking of Bolivia forbade bitcoin and the government since then attacked its use.
The prohibition advanced? Not!
The prohibition, as the decades failed politics demonstrate, does not advance much thing. One has the example of the drugs, weapons and any thing that is forbidden, the commerce continues the same of skill, only that illegally, through the black market, displaying its users the risks you add and stimulating actors without escrúpulos.
Neighboring equator, however, forbade bitcoin, because it is not opposed to the digital currency, but because it desires to control it and to moor it it the Ecuadorian dollar. “The electronic money is projected to operate and to support the monetary project of the dolarização”, explained an economist affiliated to the government. Concluding the imperious list of countries that had forbidden bitcoin it is the Quirguistão, a small country without the coast in Asia Central and Bangladesh. In 2014, Bangladesh Bank declared that any person who was handle using the currency could be imprisoned, citing the habitual excuses on money laudering.